Read more
2:11 PM · 2 March 2023

⏬Silver plunges over 1% after fresh data

-
-
Open account Download free app

The US dollar strengthened sharply after today's data, while yields jumped above 4% as labor costs in Q4 unexpectedly increased 3.2% QoQ from 2.0% in the previous quarter, and well above market estimates of 1.5% q/q.

High labor costs suggest a possible wage spiral, which would be unwelcome to the Fed, which was expected to announce its first victory over inflation. Meanwhile, inflation is reversing mainly due to lower energy costs, and the next wave of inflation growth may be related to the wage spiral.

Silver pulls back more than 1% and erases gains from  previous two sessions. Bigger downward move is seen only on the palladium market.

Silver gave back almost all recent gains. Source: xStation5
11 February 2026, 7:57 AM

Silver rallies 3% 📈 A return of bullish momentum in precious metals?

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

9 February 2026, 8:50 AM

NATGAS slides 6% on shifting weather forecasts

6 February 2026, 5:22 PM

Three markets to watch next week (09.02.2026)

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits